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US multifamily for-rent housing starts remained elevated with a market share of rental units at 96% during Q1 2023; average square footage of multifamily construction starts has also ticked up to 1,065 sq. ft.: NAHB

RBC Capital: April US housing data viewed as neutral, with housing starts in line with estimates, permits lag slightly, and homebuilder confidence rises; current forecast is for 1.195 million housing starts in 2023, including 750,000 single family homes

Total US custom building starts down 22% year-over-year to 36,000 in Q1; custom housing starts totaled 204,000 units over last four quarters, unchanged from prior four-quarter period: NAHB

CIBC: US housing starts in April meet expectations, up 2% month-over-month, and building permits also meet estimate, but down 2%; builder confidence gains despite building material supply chain disruptions, but gains supported by lack of resale inventory

Privately‚Äźowned US April housing starts at seasonally adjusted annual rate of 1,401,000, up 2.2% from revised March level, down 22.3% annually; building permits fell 21.1% annually to 1,416,000, completions up 1.0% to 1,375,000: Dept. of Commerce

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